Teachers鈥� Retirement System of the State of Illinois (TRS Illinois) intends to invest $700m (鈧�600m) in real assets during its 2026 fiscal year, according to its latest pacing plan set out at a recent board meeting.
This level of investment would take its real assets commitments to $830m, according to documents filed by the pension fund.
The breakdown of possible commitments includes $400m in real estate and $300m in other real assets, recommended and managed by StepStone.
TRS Illinois also said it is mostly targeting non-core assets, including vaue-add and opportunistic strategies, with $50m is planned for emerging markets.
The new commitments planned for real estate could also include non-traditional investment strategies such as co-investments, secondaries and special situations.
The new investments in real estate could be partially offset by sales from its separate accounts. These would be non-strategic properties with a particular focus on regional malls and office buildings, which the pension fund hopes will position it better for the long term.
The $300m set for other real assets would include commitments for infrastructure, an asset class already earmarked in its 2025 pacing plan.
To read the latest 麻豆映画 Real Assets magazine click here.
